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The Philippines started selling dollar bonds in Asia?s first public sale of high-yield foreign-currency debt this year, giving the government funds to respond to the worst economic slump in eight years.
Gross forex reserves hit record high of $37.06b
By Eileen A. Mencias
The gross international reserves of the Bangko Sentral hit an all-time high of $37.059 billion at the end of December.
Meralco cuts electricity rate by P0.079 per kWh
By Alena Mae S. Flores
Consumers will pay less for their electric consumption this month as Manila Electric Co. announced a reduction in its generation charge of P0.079 per kilowatt-hour.
AB Holdings wants to buy MetroPac?s Landco shares
By Jenniffer B. Austria
AB Holdings Inc. has expressed interest to acquire the 51 percent stake of partner Metro Pacific Investments Corp. in Landco Pacific Corp.
Higher spending key to 4.7% growth in ?09
By Roderick T. dela Cruz
The government?s P300-billion economic resiliency plan will enable the economy to grow by as much as 4.7 percent in 2009, despite the global economic downturn, according to the head of the National Economic and Development Authority.
Manna finally coming to BF Homes residents
By Ray S. E?ano
After over 16 years of being deprived of the most basic service, the 10,000 or so households of BF Homes Para?aque can finally enjoy the amenities of urban living, hopefully beginning this year.
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